Wt Microelectronics Co., Ltd. · TWSE:3036

Wt Microelectronics — Q3 2022 Earnings Presentation

16 slides from Wt Microelectronics's earnings presentation, Oct 28, 2022

  1. Slide 1: 2022 Third Quarter Investor Conference

    2022 Third Quarter Investor Conference October 28, 2022

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement  WT’s forward-looking statements, which may include statements regarding its results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on WT’s current expectations.  Actual results may differ materially

  3. Slide 3: Agenda

    Agenda 1. Overview 2. Financial Update 3. Business Outlook 4. Questions and Answers 3

  4. Slide 4: Overview

    1. Overview A leading Asian semiconductor distributor (74% of global market) NT$448B 10K+ 80+ Y2021 NR 27% • Founded in 1993 Customers Product Lines YoY • Headquartered in TWN • Listed in 2000 (ticker: 3036 TT) 3,400+ #52 / #5 29B+ • Top 500 Asia High Growth (FT) • Top 5% Governance (TWSE) Employees

  5. Slide 5: 3Q22 Statement of Comprehensive Income

    2. Financial Update 3Q22 Statement of Comprehensive Income Unit: NT$M 3Q22 2Q22 3Q21 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 155,669 130,121 20% 119,105 31% Gross profit 4,959 5,017 -1% 4,612 8% Gross margin 3.19% 3.86% 3.87% Operating expenses (2,038) (1,798) 13% (1,696) 20

  6. Slide 6: 1Q-3Q22 Statement of Comprehensive Income

    2. Financial Update 1Q-3Q22 Statement of Comprehensive Income Unit: NT$M YTD 22 YTD 21 Key accounts YoY Amount Amount Net Operating revenues 413,733 318,847 30% Gross profit 14,843 12,280 21% Gross margin 3.59% 3.85% Operating expenses (5,688) (4,663) 22% Operating profit 9,155 7,617 20% Operating m

  7. Slide 7: Balance Sheet

    2. Financial Update Balance Sheet Unit: NT$M 3Q22 2Q22 3Q21 Key accounts Amount % Amount % Amount % Cash and cash equivalents 7,982 4 6,136 3 4,364 3 Accounts receivable 98,343 43 84,388 43 75,437 44 Inventory 101,858 45 85,001 44 65,811 39 Other current assets 3,136 1 2,628 1 2,409 1 Non-current as

  8. Slide 8: Revenue, Operating Profit, OPEX and EPS Trends

    2. Financial Update Unit: NT$M Revenue vs GPM OP vs OPM Revenue GPM OP OPM 180,000 4.12% 4.5% 3,500 3.0% 3.87% 3.80% 3.86% 2.63% 2.47% 160,000 3.55% 3.65% 4.0% 3,000 2.45% 2.36% 2.28% 2.5% 140,000 3.19% 2.06% 3.5% 2,500 1.88% 120,000 2.78% 2.0% 3.0% 100,000 2,000 1.44% 2.5% 1.5% 80,000 155,669 1,500

  9. Slide 9: Operating Cash Cycle

    2. Financial Update Operating Cash Cycle AR INV AP Operating cash cycle 70 59 60 60 53 52 50 51 50 50 40 40 30 56 57 57 55 57 54 53 53 52 54 53 54 51 49 50 49 51 51 46 48 48 43 45 20 37 10 0 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 9

  10. Slide 10: ROWC vs. NWC/Sales

    2. Financial Update ROWC vs. NWC/Sales NWC/Sales ROWC 0.20 0.18 17.1% 17.1% 16.3% 16.2% 0.16 14.0% 13.7% 0.14 12.5% 0.12 11.0% 0.10 0.08 0.06 0.04 0.02 0.00 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 10

  11. Slide 11: ROE vs. Equity

    2. Financial Update ROE vs. Equity Unit: NT$M Equity attributable to owners of the parent ROE 70,000 20% 19.0% 16.9% 18% 60,000 16.3% 15.9% 15.7% 14.9% 16% 50,000 14% 13.0% 11.7% 12% 40,000 10% 30,000 57,960 55,875 8% 53,768 54,500 47,235 47,246 49,685 46,078 20,000 6% 4% 10,000 2% - 0% 4Q20 1Q21 2Q

  12. Slide 12: Business Outlook: 4Q22 Guidance

    3. Business Outlook We currently expect 4Q22 :  At a forecast exchange rate of 32.2 NT Dollars to 1 US Dollar  Revenue mid-point guidance: 16.2% YoY growth Unit: NT$M 4Q22 3Q22 Item Forecast Amount Revenue 145,000 ~ 155,000 155,669 Gross Profit 4,568 ~ 5,193 4,959 Gross Margin 3.15% ~ 3.35% 3.19%

  13. Slide 13: Global Semiconductor Market Forecast by Electronic Equipment Category

    3. Business Outlook Global Semiconductor Market Forecast by Electronic Equipment Category (US$ Billion) Semiconductor Market 737 2021-25F semiconductor segment 93 revenue CAGR 595 93 54 Automotive: +14.9% 65 57 42 74 55 79 Industrial: +9.6% 66 167 190 Communication: +8.4% 147 150 Datacenter and

  14. Slide 14: 3Q22 Revenue Breakdown by Application

    3. Business Outlook 3Q22 Revenue Breakdown by Application 2Q22 (Left) vs. 3Q22 (Right) 60 QoQ +63% 100% Revenue (NT$B) 5.6% 7.0% 6.8% 50 40 11.4% QoQ -7% 11.6% 10.1% 30 QoQ +15% 20 QoQ +16% QoQ +5% QoQ +13% QoQ +4% 80% 47% Star 10 17.5% 16.1% Application 20.7% 0 60% 10.2% 14.2% 14.8% 10.4% 8.5% 19%

  15. Slide 15: Q&A WT Microelectronics

    Q&A WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner

  16. Slide 16: Thank You!

    Thank You! WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner

WT Microelectronics — Q3 2022 Earnings Presentation on 6ix